Rich GAAP gross margin of 65.4% expanded by more than two percentage points YOY. For instance, strength in GPUs has been riding the tailwinds in gaming, while the need for AI to power cloud and other internet applications has been a major positive factor for NVIDIA’s compute systems. While different themes have been playing out across the tech space, NVIDIA seems to benefit from nearly all of them.
Gaming grew 37% YOY, a deceleration from the prior three quarters, and DC revenue growth accelerated to a whopping 71%.
Strength came from both gaming and data center, NVIDIA’s two largest segments at between $3.3 billion and $3.4 billion in revenues each.
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